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Currently, ports have a combined capacity of 470m tonnes, up from 260m tonnes when the plan was first introduced in 2012. The target for this year is to reach 520m tonnes.

In a release, the two companies said that the network is for the purposes of helping port authorities track and dispatch maintenance staff in the facility and that it will identify the precise location of the port's maintenance fleet's 10 vehicles in real time.

DP World, the United Arab Emirates-based maritime conglomerate, has announced that Ethiopia will become a shareholder of the Port of Berbera in Somaliland, a crucial site for Middle Eastern trade, strategically located along the oil route.

COSCO Shipping International (Singapore) recorded a net profit attributable to equity holders of SGD 263.9 million (USD 198.9 million) for the full year of 2017, marking a major recovery when compared to the full-year loss of SGD 466 million booked in 2016.

Japan's Mitsui O.S.K. Lines (MOL) has announced a major restructuring that will become effective from April 1.

In 2017, Container Terminal Saint-Petersburg (CTSP, a company of UCL Holding) spent more than RUB 650 million (EUR 9.1 million) under its development programme.

Only a few days after the first Gravity Based Foundation was installed, the project team of Jan De Nul Group floated off and installed the second and even larger GBF for the offshore wind farm Kriegers Flak in Denmark. The weather was favourable and the installation operation of this 10,000 tonnes masterpiece went according to plan.

Djibouti has terminated the concession contract with Dubai-based port and terminal operator DP World for the operation of the Doraleh Container Terminal (DCT) in Djibouti, Reuters reports citing a statement from the president's office.


Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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